French Private Sector Contracts Second Month; Eurozone Composite Growth Weakest in 6-Months

Flash France Composite Output Index down to 48.0 (49.3 in May), 4-month low Flash France Services Activity Index falls to 48.2 (49.1 in May), 4-month low Flash France Manufacturing Output Index falls to 47.1 (50.3 in May ), 6-month low Flash France Manufacturing PMI drops to 47.8 (49.6 in May), 6-month low Summary June’s flash PMI data painted another picture of subdued economic performance in France, with output down for a second successive month, orders falling slightly and the sharpest cut in staffing levels for four months.

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French Private Sector Contracts Second Month; Eurozone Composite Growth Weakest in 6-Months